LKAB and SSAB have an extensive business relationship and joint collaborative projects such as HYBRIT. HYBRIT is an initiative between LKAB, SSAB and Vattenfall with the purpose to create an entirely fossil-free process for steelmaking – from mining to finished steel. A pilot plant will open in Luleå during the third quarter of 2020. LKAB is hence well acquainted with SSAB and has been a shareholder since SSAB's shares were listed on the stock market in 1989.
“We have increased our shareholding in SSAB. The investment is both of a financial and relational nature and falls within the framework of our finance policy,” says Peter Hansson, CFO at LKAB.
Increase in ownership
LKAB’s shareholding corresponds to 5.1 percent of the shares and votes in SSAB, which is an increase of approximately 2.9 percentage points of the capital and approximately 1.5 percentage points of the votes.
Contact: Bo Krogvig, Senior Vice President of Communications and Public Affairs at LKAB, Tel: 46 (0)8 429 34 45. E-mail: email@example.com
Attached file: Release